EUR/USD continues to trade within a constrained range, as if locked in a box. The pair slightly declined by 0.15% on Monday, after a brief increase during the European trading session, as the Israel-Iran conflict did not escalate further.
I predict that EUR/USD may continue to decline due to differing outlooks on future interest rate paths. Interest rates in the U.S. are expected to remain higher than in Europe, making the U.S. a more attractive investment destination. This will likely attract more capital inflows and increase the demand for the U.S. Dollar, thereby putting pressure on EUR/USD!
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